Maize production is projected to increase from 553,953 tonnes in 2023 to 874,337 tonnes by 2028/29, a level farmers say is unachievable.
According to the auditor general, the firm is on the brink of collapse following years of debt owed by its primary customer, the Rwandan government.
Despite duty-free imports, consumers and processors continue to face sharp price increases.
The country seeks to regulate cereals and mixed crops to ensure that farmers produce marketable, quality grains.
60% of production is expected to be exported to China, with the remaining portion earmarked for local consumption.